So many blog posts are already beginning to create these fears. I'm already seeing these posts and majorly, I think they'll affect the newbies more especially those who signed up when the bull was at its peak.
This is so true.
At moments like this, you'll hear headlines like, "BTC crashes, Investors lose Billions"
Crashes bawo?
Lose what?
I still believe that you haven't lost until you convert that coin to stable coin and calculate the amount you bought it side by side with the amount you're selling it for.
If you bought 1BTC when BTC was $60,000... you haven't lost now that BTC is $32,000.
The only time we can say you've lost is when you convert your $32,000 BTC to USDT.
However, if you still hold it with the diamond hand that you've got, and BTC hits a new ATH of $100,000 in 2 years or less, then you will understand that the moment of trials and dips are necessary to test our "faith".
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You actually understand what's happening so well. The newbies who are into crypto might go crazy, FUD will creep in and they might just begin to panic with fear of the unknown. I actually think that it's important to understand the repercussions to this thread. This is the life we signed up for. Sometimes it's best to just understand what losing actually means. Just like with the situation you've narrated.
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